Fresh Note Issuance on Eid-ul-Fitr 2018

Karachi, June 22, 2018 (PPI-OT): The State Bank of Pakistan (SBP) through its 16 field offices of its subsidiary SBP Banking Services Corporation (SBP BSC) provided fresh banknotes of various denominations aggregated to Rs. 363 billion, including Rs 53 billion of fresh notes directly to the general public leading to Eid-ul-Fitr.

The SMS service (8877) was operated across 132 cities through more than 1,500 commercial banks’ branches and 16 field offices of SBP BSC. The service was used by more than 2.2 million people before Eid-ul-Fitr, a 50% increase from last year.

Besides, sufficient quantity of fresh notes of higher denominations were issued to banks for smooth operations and availability of cash in ATMs during and before Eid Holidays. For this purpose, special teams of SBP and SBP BSC officials were also deputed to inspect and monitor the working of ATMs across Pakistan, which ensured uninterrupted availability of cash to the general public during Eid holidays.

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